Tracked deals
4
4 tracked deals across 2021-2026.
Public Company
Energy
Enbridge
Calgary, Alberta, Canada
At Enbridge, our goal is to be the first-choice energy delivery company in North America and beyond. We deliver energy through four core businesses: liquids pipelines, natural gas pipelines, gas utilities and storage, and renewable energy.
- Focus Areas
- Liquids pipelines, Natural gas pipelines, Gas utilities and storage
- Website
- www.enbridge.com
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
3 buyout · 1 growth capital
Enbridge Acquisition Volume by Year
Last 3 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Enbridge Inc., KKR, Apollo
- Target
- Aspen Point expansion programme (Westcoast natural gas pipeline system), Sunrise expansion programme (Westcoast natural gas pipeline system), Westcoast natural gas pipeline system (Aspen Point and Sunrise projects)
- Industry
- Infrastructure
- Location
- British Columbia, Canada
- Type
- Growth capital
Enbridge agreed to form a C$2.7 billion joint venture with capital managed by KKR and Apollo to fund its Aspen Point and Sunrise expansion programs on the Westcoast natural gas pipeline system in British Columbia. Enbridge retains majority ownership and operational control, receiving C$700 million in cash at closing, while KKR and Apollo obtain an indirect cumulative 29% interest in the aggregate system once Sunrise enters service.
-
- Buyer
- Enbridge
- Target
- Salt Creek Midstream's crude oil gathering business, Orla gathering system, Wink North gathering system, Delaware Crossing (DCX) system
- Seller
- Salt Creek Midstream
- Industry
- Oil & Gas
- Location
- United States
- Type
- Buyout
Enbridge has signed a definitive agreement to acquire Salt Creek Midstream’s crude oil gathering business for US$600 million in cash. The deal covers Enbridge’s acquisition of 100% of the Orla and Wink North gathering systems and a 50% interest in the Delaware Crossing (DCX) system, with expected closing later in 2026 subject to customary regulatory and closing conditions.
-
September 29, 2022
- Buyer
- Enbridge Inc.
- Target
- Tri Global Energy
- Industry
- Renewable Energy
- Location
- Texas, United States
- Type
- Buyout
Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.
-
October 12, 2021
- Buyer
- Enbridge Inc.
- Target
- Moda Midstream Operating
- Seller
- Encap Flatrock Midstream
- Industry
- Oil & Gas
- Location
- Texas, United States
- Type
- Buyout
Enbridge Inc. has completed the acquisition of Moda Midstream Operating from Encap Flatrock Midstream for US$3.0 billion, gaining a 100% operating interest in the Ingleside Energy Center and associated pipeline and logistics assets. The deal also gives Enbridge a 20% interest in the Cactus II Pipeline and advances its U.S. Gulf Coast export strategy and connectivity to Permian and Eagle Ford reserves.
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